Obama Beneficiaries Are Top Obama Campaign Donors (Mary Theroux)This “no surprise here” story in the San Francisco Chronicle shows that Silicon Valley, broadly defined as four Bay Area counties, has now surpassed New York City as the top source for Obama campaign contributions, providing a staggering $14,703,167 to his current reelection campaign, as against New York City’s “mere” $14,529,760.

The CIA’s venture capital fund, In-Q-Tel, continues to pump taxpayer money into Silicon Valley, but its relatively measly $56 million per year price tag pales in comparison to the largesse doled out by the Department of Defense, GSA, and various secret agencies.

There’s little threat that any of this funding would be cut under a Republican administration--at least I haven’t heard any promises to that effect--but as we know, business and other decision-makers tend to like certainty, which no change in administration is more likely to provide.

Also not surprising: of the remaining top contributors identified in the Chronicle article, nearly 50% are employed by the government.